We are currently positioned in a premium zone. This suggests that the price is likely to seek lower levels within discount areas. Therefore, upon the market opening, it will be crucial to observe price action in light of the increased volatility expected to enter the market.
The prevailing bias is that prices are likely to decline toward the predefined zones indicated on the chart. Depending on how price reacts at these key levels, we will be able to assess whether the downward movement will continue or if significant support will emerge, potentially leading to a full reversal to the upside.
In summary, there may be initial shorting opportunities, followed by potential long setups depending on the market’s reaction. Two scenarios have been outlined.
Wishing you all successful and well-considered trades.
The prevailing bias is that prices are likely to decline toward the predefined zones indicated on the chart. Depending on how price reacts at these key levels, we will be able to assess whether the downward movement will continue or if significant support will emerge, potentially leading to a full reversal to the upside.
In summary, there may be initial shorting opportunities, followed by potential long setups depending on the market’s reaction. Two scenarios have been outlined.
Wishing you all successful and well-considered trades.
F.P.
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